How does fast redemption work?
What is Quick Redemption?
When using OKX Onchain Earn, you can use Quick Redemption to withdraw part of your assets in advance, reducing the waiting time required for redemption. If you need faster access to your funds (for example, to participate in trading or to meet temporary funding needs), Quick Redemption allows you to obtain liquidity earlier.
Why choose Quick Redemption?
- Faster liquidity: Receive part of your redeemed assets in advance, reducing waiting time
- Lower market volatility risk: Lock in asset value earlier
- Flexible asset management: Easily adjust fund allocation according to market or personal needs
- Convenient operation: No extra setup required, just redeem as per the standard process
How Quick Redemption Works
If the Onchain Earn product you subscribed to supports Quick Redemption, after you submit a quick redemption request:
- The system will attempt to distribute a portion of the redeemed assets to you each day during the redemption period
- The amount you can redeem each day is limited by the lower value of the following two limits:
- The fixed daily redemption limit per user
- The platform’s dynamically adjusted daily redemption limit
When redemption demand is high and the platform’s daily quota is used up, your redemption request will enter a redemption queue. While in the queue, you will not receive assets, but you can still cancel your redemption request.
Example Explanation
Suppose you plan to redeem 600 ETH, and the current product’s standard redemption period is 10 days. If Quick Redemption is supported, the redemption process is as follows:
| Stage | Description | Cumulative Received |
|---|---|---|
| Day 1: Submit request | Submit a redemption request for 600 ETH; due to high demand, enters queue | 0 ETH |
| Days 2–4: Queuing | No assets received during queue; can cancel at any time | 0 ETH |
| Day 5: First partial | Moves to front of queue; platform’s remaining quota for the day is 50 ETH | 50 ETH |
| Days 6–9: Ongoing | Over the next 4 days, redeem 100 ETH per day | 450 ETH |
| Day 10: Complete | On the last day of the standard period, remaining assets are settled at once (even if exceeding daily personal limit) | 600 ETH |
How to Enable Quick Redemption?
If the Onchain Earn product supports Quick Redemption, you only need to initiate redemption as usual, and the system will automatically enable Quick Redemption.
Steps
- Log in to your OKX account in the App
- Go to [Assets] - [Earn]
- Select the Onchain Earn order you wish to redeem and follow the on-screen instructions
Notes
- Quick Redemption is only available for some Onchain Earn products
- The daily redeemable amount may be affected by platform quota and personal limits
- There may be differences in redemption display and availability between the web and app versions
- If the product does not support Quick Redemption, you can still use Standard Redemption as usual
For more rules related to Onchain Earn, please refer to the information displayed on the OKX platform page.